WWE to receive sizable tax credit from Nevada for WrestleMania 42, total production cost revealed
WWE will once again get a sizable tax credit for holding WrestleMania 42 in Las Vegas to help offset sizable production costs.
Revealed in new public records obtained by Post Wrestling’s Brandon Thurston, WWE has received approval for as much as $4,314,821 for putting on two nights of WrestleMania from Allegiant Stadium in addition to other related events like Raw and SmackDown from the T-Mobile Arena.
The money comes from the Nevada Governor’s Office of Economic Development who focus on bringing in film and entertainment business to the state, and is figured out based on total production costs which WWE put at $35 million.
The credit is slightly less than WWE got for WrestleMania 41 ($4,240,456) even though last year’s budget was lower ($33,693,464). The actual amount WWE will get will be determined by an independent audit after the weekend.
This is all on top of any site fees WWE gets. Last year’s WrestleMania 41 brought them $5 million for that alone while this year’s is unknown of which Thurston is in a lawsuit attempting to get.
Both the WWE Hall of Fame ceremony and Tony Hinchcliffe’s WWE roast were not mentioned in the application — the same application where they claim WrestleMania host cities get more than $200 million in annual economic impact.
Since 2011, Josh has been a contributing editor to Wrestling Observer/F4WOnline.com and also hosts the Punch-Out podcast. He has also written for Fight Magazine, Bloody Elbow, Bleacher Report, and other websites. He's a 2000 graduate of the University of Maine, worked in pro sports, and once was an indie ring announcer.